Bogle: We Need to Fix the Bond Index

The benchmark index doesn't reflect the true allocations of U.S. bond investors, and the industry needs to look again at corporate-bond index funds or rework the current index, says Vanguard founder Jack Bogle.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Investors have been heavily buying equity index funds, but they have been less enthusiastic about indexed bond products. Joining me to discuss role of bond index funds in investor portfolios is John C. Bogle. He is the founder and former chairman of the Vanguard Group.